Description

BSE suspends trading in Bank of Baroda's perpetual AT1 debentures effective December 31, 2025 due to redemption on exercise of call option.

Summary

BSE has announced the suspension of trading in Bank of Baroda’s 8.15% Perpetual AT1 (Additional Tier 1) Private Debentures (ISIN: INE028A08240, Scrip Code: 960413) effective from December 31, 2025. The suspension is due to the company’s decision to redeem these debentures through the exercise of a call option. Trading members are advised not to deal in these securities from the effective date.

Key Points

  • Bank of Baroda to redeem perpetual AT1 debentures on exercise of call option
  • ISIN: INE028A08240, Scrip Code: 960413
  • Coupon rate: 8.15%
  • Trading suspension effective from December 31, 2025
  • Notice reference: DR-788/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operation

Regulatory Changes

No new regulatory changes. This is a routine corporate action notice regarding the suspension of trading due to security redemption.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from December 31, 2025
  • Trading members are required to take note of this suspension and inform their clients accordingly
  • All pending orders or positions in these debentures should be managed before the suspension date

Important Dates

  • Notice Date: December 30, 2025
  • Trading Suspension Effective Date: December 31, 2025
  • Redemption Event: Exercise of Call Option on the specified debentures

Impact Assessment

Market Impact: Limited to holders and traders of Bank of Baroda’s specific AT1 perpetual bonds. The redemption through call option exercise is a standard corporate action for callable debt securities.

Investor Impact: Debenture holders will receive redemption proceeds as per the terms of the instrument. No further trading opportunity will be available after December 30, 2025.

Operational Impact: Trading members need to ensure compliance with the suspension directive and manage client communications regarding positions in these securities. The suspension is routine for securities undergoing redemption.

Impact Justification

Affects specific debt instrument holders and traders of Bank of Baroda AT1 bonds; limited broader market impact as redemption is part of normal call option exercise.